“I’m laying out my plan to ensure that the United States will be the crypto capital of the planet and the Bitcoin superpower of the world,” Mr. Trump said to raucous applause, adding that “America will once again be a nation that protects property rights, privacy, freedom of transaction, freedom of association and freedom of speech.”
Former President Donald Trump has made a dramatic shift in his stance on cryptocurrency, laying out plans to embrace digital currencies if re-elected in 2024. Speaking at a major bitcoin conference in Nashville, Trump promised to end the “persecution” of the crypto industry and make the US the global leader in digital assets.
This marks a significant departure from his previous views on cryptocurrency. As president, Trump had been critical of digital assets, declaring bitcoin as “not money” and “highly volatile and based on thin air.” However, his new position has been met with enthusiasm by the crypto community, who hope that his support will help shield the industry from potential regulation.
Trump’s embrace of cryptocurrency also appears to be a strategic move to attract votes and campaign donations from the growing number of crypto enthusiasts. His promise to make the US the “crypto capital of the planet” has resonated with many in the industry, who see it as a sign of the growing mainstream acceptance of digital assets.
